Individual Development Accounts (IDAs) are matched savings accounts that help people with modest means to save towards the purchase of a home, home repairs, starting a small business or continuing their education.
Through specialized training materials, clients will have the opportunity to learn money management techniques, financial control, how to put their money to work for them and achieve financial freedom.
IDA Eligibility Guidelines
- Household must be at 125% of the federal poverty guidelines
- Have a child, residing in the home full time, under the age of 18
- Be willing to save $27.79 per month until they save $667
- Be willing to be enrolled for a minimum of 6 months and a maximum of 2 years